AmEx CEO says company to cut 5% of total workforce

American Express ​took a ‌restructuring charge in ​the ​third quarter for ⁠a ​plan expected ​to eliminate about 5% ​of ​its global workforce, ‌CEO ⁠Stephen Squeri told analysts ​on ​an ⁠post-earnings call ​on ​Friday.

Reuters • 10 hours ago

American Express is cutting 5% of its workforce

American Express is cutting about 5% of its global workforce. CEO Stephen Squeri said on an earnings call the card company has "good momentum" but that it needed to become more "agile.

CNBC • 10 hours ago

American Express raises 2026 profit forecast as affluent customers keep spending

American Express raised its 2026 profit forecast above Wall Street expectations on Friday after reporting strong ​third-quarter results and announced plans to eliminate 5% of its global ‌workforce as part of a restructuring.

Reuters • 12 hours ago

American Express to slash 5% of workforce in latest AI-driven layoffs

The company on Friday announced a $336 million restructuring charge as part of the layoffs, which will impact thousands of the firm's roughly 77,000 workers.

New York Post • 5 hours ago

Did Buffett Successor Pick Wrong Credit Card Stock? American Express Stock Underperforms Visa, Mastercard

American Express Company (NYSE:AXP) stock is down Friday after reporting quarterly financial results. The stock drop adds to year-to-date losses with shares now down 14.5% in 2026.

Benzinga • 8 hours ago

Dow Tumbles Over 500 Points; American Express Shares Fall After Q3 Results

U.S. stocks traded lower this morning, with the Dow Jones falling more than 500 points on Friday.

Benzinga • 10 hours ago

American Express to Lay Off 5% of Workforce to ‘Prepare for AI'

American Express is trimming its headcount. AI is part of the reason.

Investopedia • 5 hours ago

American Express beats earnings, cuts jobs - still fails to win over Wall Street

American Express (AXP) posted a mixed Q3 and raised its annual profit guidance on Friday morning, but investors aren't celebrating. AXP shares came under pressure as the payments giant announced plans of eliminating about 5% of its global workforce.

Invezz • 7 hours ago

American Express: 3 Key Takeaways for Long-Term Investors

Restructuring charge of $336 million will eliminate 5% of global positions. Quarterly revenue reached a record $20 billion, up 9% year over year.

The Motley Fool • 6 hours ago

American Express raises 2026 earnings guidance after record third-quarter revenue

American Express Company (NYSE:AXP, XETRA:AEC1) raised its 2026 earnings guidance after third-quarter revenue reached a record $20.1 billion, supported by stronger card spending and higher fees. The global payments group now expects full-year earnings per share (EPS) of $18.30 to $18.60, up from its previous guidance, with an adjusted EPS forecast of $17.60 to $17.90.

Proactive Investors • 9 hours ago